Question: According to the inventory policy declared in footnote 2, do the following calculations for KHC's hot product- 910g Heinz Tomato Ketchup : Suppose cost inflation

According to the inventory policy declared in footnote 2, do the following calculations for KHC's hot product- 910g Heinz Tomato Ketchup : Suppose cost inflation was 15%, compute Cost of Goods Sold, Ending Inventory, Gross profit ,Gross profit margin and other measures in thick borders . Please round your answers to 2 decimal places.Suppose in FY2021 cost inflation climbed to 20% instead of 15%, what is the gross profit margin of 910g Heinz Tomato Ketchup given the inventory.

910g Heinz Tomato Ketup Units (millions) Cost/Price per unit Total Cost cost inflation rate
Inventory available at the beginning of FY21 100 3.10 Scenario 1 15%
Inventory purchased during FY21 60 Scenario 2 20%
Unit sales in FY21 (in millions) 120
Price per bottle of 910g Kraft Heinz Ketchup 5
Net sales in FY21 (in millions)
COGS in FY21 (in millions)
Ending inventory for FY21
Gross profit (in millions)
Gross profit margin
Gross profit margin when input inflation rises to 20%
Gross profit margin change vs scenario 1

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